[JohnnyB]

The comparison of Tesla to other major auto manufacturers also ignores that a core part of the value of what Tesla has developed is not the capacity to manufacture cars. It's the capacity to gather and analyze data and to train AI models built upon a massive data set they own that has taken years to build up. If they were just making cars, then a straight comparison to auto manufacturers would make sense, but manufacturing capacity and distribution of the vehicles themselves isn't what they're really competing on. They lose the competition on automotive manufacturing, but they're far ahead on the data and AI side of things, which is a business with a bright future and much higher margins.